An Air India aircraft on Monday made emergency landing in Mumbai airport due to suspected fire in cockpit, PTI report says. The Bhubaneswar-bound plane returned to Mumbai after full emergency was declared, according to ANI report. The aircraft, however, landed safely and emergency was withdrawn, the ANI report says. Further details are awaited.
Earlier, the Prime Minister’s Office had sought a detailed performance report from flag carrier Air India, which is surviving on a Rs 30,000 crore bailout package from the exchequer. The government-run carrier reported operating profit of Rs 105 crore, the first time since the merger of erstwhile Air India and Indian Airlines, in the previous fiscal mainly on account of low fuel prices and discounted ticket sales, among others, PTI report said.
“These review meetings are a part of the monitoring mechanism since the government is infusing funds in the carrier,” an airline official said, the PTI report said. According to the official, besides giving a presentation on the current financial position of the airline, the proposal to increase retirement age in Air India from the current 58 years to 60 years and its request for more funds for the current fiscal are also expected to come up for discussions.
Air India is surviving on a Rs 30,231 crore bailout package extended by the previous UPA government in 2012 for a 10-year period and also equity support for payment of principal/interest of the non-convertible debentures. Of the total package, the government has already infused over Rs 24,000 crore in the carrier between April 2011 and December last year.
However, Air India’s total borrowings stood at Rs 46,570,35 crore as on September 30, 2016. Against a demand of Rs 3,901.49 crore, the carrier was allocated Rs 1,713 crore for the ongoing fiscal, leaving it with a deficit of Rs 2,188.49 crore. Later, as part of the supplementary demands for grants, passed by the Lok Sabha during the winter session, Air India also received equity investment to the tune of Rs 861.50 crore, the PTI report said.